CapitaLand Retail China Trust :applications for about 120.7 million preferential offering units, or about 1.4 times
the number of units offered, the manager of the real estate investment trust said on Wednesday night. CRCT will raise gross proceeds of about S$125.1 million from this offering, which closed on Wednesday, and is part of a larger equity funding exercise to fund its purchase of three shopping centres from CapitaLand. The 86.9 million new units from the preferential offering, priced at S$1.44 apiece, are expected to be listed and quoted on the Singapore Exchange's main board on Sept 3 at 9 am.
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